The discussion was intended to consist of just Van Praag reading
a prepared statement but turned into much, much more.

Van Praag re-hashed the Goldman's role in events of the financial
crisis, subsequent bank regulation and the Eurozone crisis. The
full interview is well worth listening to, but in our view, the
most important thing Van Praag said was the following:

"I don't think there is going to be a crisis like this one again.
I think that there will inevitably be crises in the future. I
think people generally learn from the mistakes of the past and
try very hard not to repeat them. But I don't think that means
that society, the world will avoid other crises. The
reality is that we are probably in a bubble right now. We just
don't know what it is."

Hardly comforting words, to be sure. But the simple fact that
there is rarely widespread agreement on the existence of a bubble
until it's too late for adequate intervention is generally true.